Kingsport Multifamily Buyer
Sell Your Commercial Property In Kingsport, TN
From Downtown Kingsport to Bloomingdale, we buy Kingsport multifamily and commercial apartment properties of 5+ units in every condition. Owners and agents get a straight answer on fit, usually within two business days.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Where We Look: Downtown Kingsport · Colonial Heights · Bloomingdale · Church Hill — Sullivan County, TN
Why Kingsport
Why We Buy Multifamily In Kingsport
Kingsport, Tennessee, is a Sullivan County city of 56,262 people, with a small portion in Hawkins County, per ACS 2020-2024. Renters hold 39.9% of occupied homes, and median gross rent is $907 a month. Buildings of five or more units make up 21.2% of housing. Eastman's headquarters, Ballad Health's Holston Valley Medical Center and Northeast State's downtown campus anchor local demand. This profile covers rents, HUD benchmarks, Sullivan County taxes and Tennessee landlord rules for owners who want to sell commercial property in Kingsport, TN.
Eastman headquarters
Eastman lists Kingsport as its headquarters and a manufacturing site; the company employs 14,000 people worldwide.Holston Valley Medical Center
Ballad Health's Kingsport hospital is a Level III trauma center with more than 2,000 nurses, technicians and support staff.Northeast State downtown campus
Northeast State runs four downtown Kingsport buildings, including a 26,000-square-foot manufacturing center; its main campus is in Blountville.Our Buy Box
What We Buy In Kingsport
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Kingsport Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Kingsport
Renters occupy 39.9% of Kingsport's 25,021 occupied homes under ACS 2020-2024 tenure data.
Buildings with five or more units hold 21.2% of Kingsport's 27,842 homes, per ACS units-in-structure data. Some 57.0% of homes predate 1980 (ACS year built).
Rents and affordability in Kingsport
Median gross rent in Kingsport is $907 a month, below Tennessee's $1,189, under ACS 2020-2024 rent data.
Some 43.9% of Kingsport renters spend 30% or more of income on rent, and 21.4% spend 50% or more (ACS rent burden). Rental vacancy is 5.1% (ACS DP04).
HUD FY2027 fair market rents, Kingsport-Bristol, TN-VA MSA (HUD FMR documentation).
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $760 |
| One-bedroom | $845 |
| Two-bedroom | $1,091 |
| Three-bedroom | $1,375 |
| Four-bedroom | $1,465 |
Property taxes in Sullivan County
Kingsport's 2025 combined rate in Sullivan County is $3.2902 per $100 of assessed value, per the Tennessee Comptroller 2025 rate table. It combines Sullivan County's $1.6129 and Kingsport's $1.6773.
Tennessee classifies dwellings with two or more rental units as commercial property, assessed at 40% of appraisal (Comptroller glossary). A $2,000,000 building carries an $800,000 assessment and about $26,322 in yearly tax.
Kingsport city taxes are due November 30 (City of Kingsport property tax page). Parcels in the Hawkins County part of Kingsport carry a 2025 total rate of $5.0424.
For an owner ready to sell commercial property in Kingsport, TN, the state realty transfer tax is $0.37 per $100 of price (Tennessee Department of Revenue). On $2,000,000, that tax is $7,400.
Landlord rules in Kingsport
Tennessee's landlord and tenant act applies in counties above 75,000 people in the 2010 census (TCA 66-28-102). Sullivan County counted 156,823 residents in 2010 (2010 Census), and Hawkins County 56,833 (2010 Census).
A tenant behind on rent has 14 days after written notice to pay before the lease ends (TCA 66-28-505). Deposits must be kept in an account used only for that purpose (TCA 66-28-301).
State law bars any local ordinance that controls the amount of rent charged (TCA 66-35-102). Owners who sell commercial real estate in Kingsport, TN work under that statewide rule.
What it means for a Kingsport owner
Kingsport pairs a 39.9% renter share with 5.1% rental vacancy.
If you plan to sell commercial property in Kingsport, TN, start with net operating income and our cap rate calculator. Skyline Capital Investments buys apartment buildings with five or more units.
To sell your apartment building in Kingsport, see our direct purchase process.
Good To Know
Selling In Kingsport
More about selling in Tennessee →Investing in Kingsport? See apartment syndications in Kingsport →
- Owners selling commercial property in Kingsport pay Tennessee's realty transfer tax of $0.37 per $100.
- Kingsport city property taxes are due November 30; unpaid bills draw a 2% penalty December 1.
- Plans to sell commercial real estate in Kingsport, TN should budget for the $3.2902 combined 2025 rate.
Seller Guides
Kingsport Seller Situations
Learn More
Taxes & Rules For Kingsport Property
The Tennessee rules that shape any deal in Kingsport: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Kingsport Seller FAQ
What does it cost to sell commercial property in Kingsport, TN?
Tennessee charges a realty transfer tax of $0.37 per $100 of purchase price, so a $2,000,000 sale owes $7,400, per the Tennessee Department of Revenue. Annual property tax on that building in the Sullivan County part of Kingsport runs about $26,322 at 2025 rates.
How are apartment buildings taxed in Kingsport?
Tennessee assesses dwellings with two or more rental units as commercial property at 40% of appraised value. Kingsport's 2025 rate in Sullivan County totals $3.2902 per $100 of assessed value, combining the $1.6129 county rate and the $1.6773 city rate.
Is there rent control if I sell commercial real estate in Kingsport, TN?
No. Tennessee Code 66-35-102 bars local governments from enacting or enforcing any ordinance that controls the amount of rent charged. Kingsport rents follow the market, and the ACS 2020-2024 median gross rent is $907 a month.
What do apartments rent for in Kingsport?
Median gross rent in Kingsport is $907 a month under ACS 2020-2024, below Tennessee's $1,189. HUD's FY2027 fair market rents for the Kingsport-Bristol, TN-VA MSA are $845 for a one-bedroom and $1,091 for a two-bedroom.
Who buys apartment buildings in Kingsport?
Skyline Capital Investments buys apartment buildings with five or more units. Owners who want to sell multifamily property in Kingsport can share a rent roll and expenses for review. Buildings of five or more units hold 21.2% of Kingsport's housing, per ACS 2020-2024.
Will you buy a Kingsport property that needs work or has high vacancy?
Yes. We regularly evaluate value-add, mismanaged, and distressed multifamily properties and underwrite them as they are today — no repairs or lease-up required before selling.
How does a sale to you work in Sullivan County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Who buys occupied rental property in Kingsport?
We do. Skyline Capital Investments is a commercial real estate buyer of 5+ unit multifamily, and we buy apartment buildings with tenants in place, including properties with below-market rents.
How fast can I sell my apartment building in Kingsport?
Most owners get clear feedback within 48 hours of sending the address, unit count, and a rent roll. Closing is typically set around your timeline, including extra time for a 1031 exchange.
Submit A Deal
Have A Property In Kingsport?
A few details are enough to start. We respond to every Kingsport submission, including off-market and pocket listings.
